Ethema Health Corp (GRST)

[Bubae]

At capacity and only generating $163K for the quarter for ARIA? This was so hyped last year. They spoon feed what they want you to know for now and hold back the actual filing. That doesn't show much confidence. This facility appears to be built out now, so more money.

They will be burning shares into Q2 to pay those Labrys fund notes and then split this thing in my opinion. The mention of the "audit" in the tweet may be the precursor for up-list which will mean reverse split.

If the retail sellers are out now maybe Labrys will have the selling space mostly to themselves now. They only need a low conversion price and some news to generate volume. The company doesn't care about the low price and the extra shares needed because they can fix the share structure with the reverse split. In 2020 they burned 1.3 billion in less than 8 weeks dropping the price to .0001 where it remained for four months.

For the quarterly period ended March 31, 2020
https://sec.report/Document/0001721868-20-000426/


Authorized, issued and outstanding

The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding common shares of 1,577,862,975 and 155,483,897 as of March 31, 2020 and December 31, 2019, respectively.

Between January 6, 2020 and February 27, 2020, the Company issued 1,316,679,078 shares of common stock in terms of conversion notices received from convertible note holders. The shares issued were issued below par based on the market price of the stock on the date of conversion and were valued at $531,005.